C.1. Non-real-estate Farm Lending Compared with a Year Earlier Percent ___________________________________________________________________________________________________________________________________________ Demand for loans Funds availability Loan repayment rate Renewals or extensions Collateral required ______________________________________________________________________________________________________________________________ Quarter Lower Same Higher Lower Same Higher Lower Same Higher Lower Same Higher Lower Same Higher ___________________________________________________________________________________________________________________________________________ Seventh (Chicago) Federal Reserve District (IL*, IN*, IA, MI*, WI*) ___________________________________________________________________________________________________________________________________________ 2002: Q4... | 23 52 25 6 58 36 29 55 16 14 60 25 0 81 18 2003: Q1... | 22 46 31 6 57 36 31 60 9 7 61 31 1 73 26 Q2... | 24 53 23 4 54 42 22 71 6 6 70 24 1 80 19 Q3... | 22 61 17 6 59 35 21 72 7 8 72 20 0 86 14 Q4... | 22 59 19 4 65 31 15 65 19 14 70 15 0 89 10 2004: Q1... | 16 53 31 5 59 36 10 52 38 28 65 7 1 90 9 Q2... | 23 54 23 9 65 26 6 71 24 21 72 7 1 91 8 Q3... | 17 58 25 12 65 23 7 74 19 21 71 8 1 91 8 Q4... | 19 53 28 7 65 28 8 58 34 30 64 6 1 93 6 ___________________________________________________________________________________________________________________________________________ Tenth (Kansas City) Federal Reserve District (CO, KS, MO*, NE, NM*, OK, WY) ___________________________________________________________________________________________________________________________________________ 2002: Q4... | 20 56 24 8 69 23 38 54 8 1 58 41 0 75 25 2003: Q1... | 21 52 26 5 71 24 49 48 4 1 50 48 0 71 29 Q2... | 19 58 23 5 66 28 26 64 10 6 67 27 0 78 22 Q3... | 22 63 15 4 73 22 20 67 14 6 73 21 0 84 16 Q4... | 18 63 19 5 71 24 11 66 23 10 76 14 0 86 14 2004: Q1... | 20 60 20 3 73 24 10 67 23 13 71 16 0 86 14 Q2... | 17 59 24 9 74 17 9 76 15 7 80 13 0 86 14 Q3... | 14 60 26 11 74 15 8 77 16 10 82 8 0 91 9 Q4... | 12 60 29 8 81 11 7 68 24 13 75 13 0 90 10 ___________________________________________________________________________________________________________________________________________ Eleventh (Dallas) Federal Reserve District (LA*, NM*, TX) ___________________________________________________________________________________________________________________________________________ 2002: Q4... | 22 61 16 6 74 20 21 69 10 7 73 20 0 79 21 2003: Q1... | 25 63 12 6 68 26 19 73 8 8 73 19 0 80 19 Q2... | 19 66 15 3 69 28 15 75 10 8 77 15 0 81 19 Q3... | 21 65 14 6 70 24 12 78 10 8 78 14 1 83 16 Q4... | 19 68 13 1 73 26 5 80 15 13 77 10 0 84 16 2004: Q1... | 19 62 18 4 75 22 4 76 20 17 76 7 0 92 8 Q2... | 19 67 14 3 77 21 4 84 12 12 83 5 0 88 12 Q3... | 18 62 20 7 75 18 6 83 11 14 84 2 0 92 7 Q4... | 11 73 15 2 77 21 8 75 17 17 78 5 0 94 6 ___________________________________________________________________________________________________________________________________________ 31 C.1. Non-real-estate Farm Lending Compared with a Year Earlier (continued) Percent ___________________________________________________________________________________________________________________________________________ Demand for loans Funds availability Loan repayment rate Renewals or extensions Collateral required ______________________________________________________________________________________________________________________________ Quarter Lower Same Higher Lower Same Higher Lower Same Higher Lower Same Higher Lower Same Higher ___________________________________________________________________________________________________________________________________________ Ninth (Minneapolis) Federal Reserve District (MI*, MN, MT, ND, SD, WI*) ___________________________________________________________________________________________________________________________________________ 2002: Q4... | 22 55 23 6 64 31 28 56 16 13 57 30 0 80 20 2003: Q1... | 21 57 21 5 69 26 34 52 14 10 60 30 1 80 20 Q2... | 18 51 31 3 76 21 20 73 7 7 69 24 1 81 19 Q3... | 17 65 18 3 74 23 15 70 16 10 70 19 0 87 13 Q4... | 18 62 20 2 73 25 9 62 30 14 74 12 0 92 8 2004: Q1... | 21 61 18 4 75 21 5 62 33 24 66 10 0 95 5 Q2... | 13 54 33 6 85 9 5 70 24 13 80 7 0 96 4 Q3... | 11 67 21 9 81 10 5 79 16 8 86 6 1 92 8 Q4... | 14 56 30 6 76 17 10 62 28 12 79 9 0 95 5 ___________________________________________________________________________________________________________________________________________ Fifth (Richmond) Federal Reserve District (MD, NC, SC, VA, WV*) ___________________________________________________________________________________________________________________________________________ 2002: Q4... | 24 62 14 5 67 29 38 62 0 0 67 33 0 62 38 2003: Q1... | 36 55 9 5 68 27 27 73 0 5 77 18 0 59 41 Q2... | 27 73 0 5 62 33 23 77 0 9 68 23 9 55 36 Q3... | 14 86 0 0 73 27 23 77 0 5 68 27 0 68 32 Q4... | 26 70 4 9 61 30 30 70 0 9 78 13 0 70 30 2004: Q1... | 31 62 8 8 73 19 15 85 0 12 85 4 4 76 20 Q2... | 19 77 4 0 85 15 4 92 4 12 88 0 0 77 23 Q3... | 41 56 4 4 67 30 7 78 15 4 93 4 0 72 28 Q4... | 19 73 8 8 85 8 8 85 8 19 73 8 4 85 12 ___________________________________________________________________________________________________________________________________________ Twelfth (San Francisco) Federal Reserve District (AL, AZ, CA, HI, ID, NV, OR, UT, WA) ___________________________________________________________________________________________________________________________________________ 2002: Q4... | n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 2003: Q1... | 17 42 42 13 58 29 30 61 9 0 71 29 0 50 50 Q2... | 15 58 27 4 73 23 16 80 4 4 77 19 0 77 23 Q3... | 25 63 13 8 71 21 25 58 17 0 75 25 0 79 21 Q4... | 22 43 35 0 74 26 22 65 13 4 78 17 0 83 17 2004: Q1... | 9 55 36 0 77 23 9 86 5 14 64 23 0 86 14 Q2... | 9 61 30 4 70 26 13 65 22 0 78 22 0 91 9 Q3... | 18 59 23 5 86 10 0 76 24 14 76 10 0 90 10 Q4... | 17 48 35 4 91 4 0 73 27 9 65 26 4 83 13 ___________________________________________________________________________________________________________________________________________ * State falls only partly within the indicated Reserve District. n.a. Not available. Source. Federal Reserve Bank quarterly surveys of agricultural credit conditions at commercial banks. 32